VICI Properties Inc (NYSE:VICI) has earned an average rating of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $23.85.

VICI has been the subject of several research analyst reports. TheStreet downgraded VICI Properties from a “b-” rating to a “d” rating in a research report on Thursday, April 16th. ValuEngine upgraded VICI Properties from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Morgan Stanley lifted their price objective on VICI Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Zacks Investment Research upgraded VICI Properties from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Saturday, May 30th. Finally, Wells Fargo & Co cut their price objective on VICI Properties from $32.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, May 4th.

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In other VICI Properties news, Director James R. Abrahamson bought 5,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $21.67 per share, with a total value of $108,350.00. Following the completion of the purchase, the director now owns 56,171 shares in the company, valued at $1,217,225.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James R. Abrahamson bought 10,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $16.79 per share, with a total value of $167,900.00. Following the completion of the purchase, the director now owns 66,171 shares of the company’s stock, valued at approximately $1,111,011.09. The disclosure for this purchase can be found here. 0.16% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP raised its holdings in VICI Properties by 216.9% during the first quarter. First Trust Advisors LP now owns 217,789 shares of the company’s stock worth $4,765,000 after acquiring an additional 149,067 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in VICI Properties by 2.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 757,719 shares of the company’s stock worth $16,579,000 after acquiring an additional 17,428 shares in the last quarter. Parallel Advisors LLC raised its holdings in VICI Properties by 447.1% during the fourth quarter. Parallel Advisors LLC now owns 12,704 shares of the company’s stock worth $325,000 after acquiring an additional 10,382 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in VICI Properties by 261.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,421,630 shares of the company’s stock worth $61,873,000 after acquiring an additional 1,751,951 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in VICI Properties by 24.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 847,246 shares of the company’s stock worth $21,647,000 after acquiring an additional 169,046 shares in the last quarter.

Shares of VICI stock opened at $20.46 on Thursday. The stock’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $21.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 69.43 and a quick ratio of 69.44. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 24.36 and a beta of 1.16. VICI Properties has a one year low of $9.85 and a one year high of $28.75.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.37). The company had revenue of $255.00 million during the quarter, compared to analyst estimates of $255.68 million. VICI Properties had a net margin of 39.66% and a return on equity of 4.65%. VICI Properties’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. On average, research analysts anticipate that VICI Properties will post 1.59 earnings per share for the current year.

About VICI Properties

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.